Tuesday, July 30, 2013
Marc Faber : insane people dont realize that they are insane
SMN: How do you see it all ending, Marc? Do you see the money printers just continuing to go off the cliff, or do you see them come to their senses at one point?
Marc Faber : I don’t think they will come to their senses for the simple reason that insane people don’t realize that they are insane. They think they’re doing a great job. I talk to these people from time to time, and I know some of them. If you have a serious discussion with them, they lean towards the view, “Had we not implemented the QE programs, we would be in the greatest depression ever, so we’ve done a fantastic job.” The view is also, “If anything, we need to do more, not less.”
- in Sprott money News Interview : Click Here to watch the full interview >>>>>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Biz TV